Derivatives Collateral Analyst - SLC Management

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. Our history of organic and strategic growth reflects this commitment with over CA$374/US$283 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. 

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset. As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.

What Is in It for You:

The Derivative Collateral Analyst is part of a Derivatives back-office team that is responsible for all aspects of collateral management, global derivative trade operations, and counterparty risk analysis/reporting. The position will report to the Manager of Derivative Collateral.

Reporting to the Manager of Derivative Collateral, the Derivative Collateral Analyst is part of the Derivatives back-office team that is responsible for all aspects of collateral management, global derivative trade operations, and counterparty risk analysis/reporting. The Derivative Collateral Analyst has a good understanding of counterparty credit risk, is knowledgeable with financial instruments and various types of derivatives, and possesses strong analytical skills. Collateral management is a major function within the team and the Analyst would be primarily responsible for the collateral call negotiation and settlement process and independently be able to manage it on a day-to-day basis.

WHAT YOU WILL DO:

• Actively engage in the collateral management and negotiation process with counterparties

• Processing margin calls on Acadia

• Monitor and review Initial Margins for Uncleared Margin Regulations

• Interacting with custodians for trade settlement issues and reconciliation inquiries

• Engage in trade operations including system trade entry

• Work with Sun Life valuations team to independently value derivative instruments (swaps, forwards, credit derivatives, swaptions, etc) for MTM negotiation with counterparties

• Review, reconcile, and validate derivative valuations and collateral amounts with counterparties when disputes arise

• Complete collateral-related accounting entries and reconciliation to the general ledger

• Monitor counterparty credit ratings and update collateral agreements within system accordingly when rating changes occur

• Perform collateral sensitivity analysis to assess impact of market changes on derivative portfolio and resultant collateral requirements change

• Manage collateral coupons and oversee all receipts and payments with the counterparties

• Settle monthly interest with counterparties on cash collateral positions

• Prepare various routine collateral-related reporting deliverables for managerial, analytical, and financial reporting purposes as well as handle ad hoc info requests

• Support audit requests from both internal/external auditors when engaged

WHAT YOU WILL NEED TO SUCCEED?

• University Degree in Finance/Mathematics/Economics

• 3+ years of experience in derivatives collateral management, or derivatives operations with counterparty interfaces

• Enrollment in, or completion of, CFA/FRM program is an asset

• Highly proficient in Microsoft Excel; knowledge of BlackRock Aladdin and Bloomberg applications

• Excellent verbal & written communication skills; proven judgement around escalated communications

• Detail-oriented, multi-tasking and managing task prioritization within tight timelines

• Strong analytical, investigative, and problem-solving skills

Why SLC Management?

• Opportunity to work for a growing global institutional asset manager
• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading maternity, parental and adoption leave top up program, a partially-paid sabbatical program and much more
• Pension, stock and savings programs with an employer-paid match to help build and enhance your future financial security
• A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
• The opportunity to move along a variety of career paths with amazing networking potential
• Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., “Best Places to Work” by Glassdoor, Award for Excellence for Mental Health at Work, “Best Places to Work in Money Management” by Pension & Investments

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.

Finance

Salary Range

54,000/54 000 - 91,000/91 000

The Base Pay range is for the primary location of the job. It may vary depending on the work location of the successful candidate or other factors. In addition to Base Pay, eligible employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance. Certain sales focused roles have sales incentive plans based on individual or group sales results.

We are committed to fostering a diverse, equitable and inclusive environment, where all employees feel valued, respected, and supported. We are dedicated to building a diverse workforce offering wide perspectives and creative ideas that benefit our clients, teams and the communities where we operate. Research shows that women and underrepresented groups tend to apply only if they meet 100% of the criteria. We encourage applications from qualified individuals from all backgrounds even if they don’t meet every criteria in the job description.

We will make reasonable accommodations to known physical or mental limitations. Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [email protected].

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.